Construction Finance

We help our clients manage their contracts and take on new projects

Working in the construction industry means upfront labour and materials costs that often need to be paid before you get paid for the job. At the same time, you have the normal ongoing, day-to-day business costs to meet during the delivery of a project, which may take months or years to complete.

Long payment terms, late payments and uncertainty of what will be paid for completed works are some of the biggest challenges facing construction firms.

If this sounds familiar, then Construction Finance can be one way to help you manage your cashflow and the day-to-day running of your business.

How Construction Finance can help your business

Construction funding is ideal for contractors and sub-contractors that have customers on long payment terms, who often pay late or only make partial payments for work completed.

Each can create a cashflow gap and make it difficult to meet costs through the various stages of a contract or take on more work. Construction Finance helps by giving you certainty over the funds you have available and releasing cash tied up in applications for payment and invoices raised at completion.

We support you by advancing cash against your applications for payment and invoices raised at completion. This allows you to meet your payment obligations throughout the various stages of a contract and take on more work knowing you have reliable funding in place.

Is your business suitable for Construction Finance?

Your business could be suitable for Construction Finance if you:

Yes: are a contractor or sub-contractor working in the construction industry

How Construction Finance works

Bill your customers

We pay up to 100% of the value of your invoice

Within 24hrs, allowing you to pay your staff, suppliers and take on new orders

We collect payment on your behalf

Leaving you to focus on running your business

We pay you any remaining balances

Minus any agreed fees

We help our clients by being discrete

If you do not want your customers to know how you’re funded or if you have reliable collection practices in place and would prefer to keep your credit control function in-house, we can offer a confidential service.

This means we do not tell your customers that you are using a finance facility and you maintain the relationship with your customers, without their knowledge of our involvement. It is always our intention to act in your best interest.

When it comes to your customers paying their invoices, to keep the process confidential even though the funds are paid to us, your customers make payments into a trust bank account in your name.